Consolidated cash flow statement
Additional information statement of consolidated cash flows |
2022 |
2021 |
||||
|---|---|---|---|---|---|---|
in EUR ‘000 |
|
|
||||
Received interest1 |
757,607 |
675,985 |
||||
Received dividends1 |
83,289 |
43,675 |
||||
Interest paid2 |
78,057 |
70,929 |
||||
Income taxes paid1 |
227,698 |
153,531 |
||||
|
|
|
||||
Expected cash flow from reclassified securities |
4,684 |
7,129 |
||||
Effective interest rate of reclassified securities |
3.57% |
3.82% |
||||
|
||||||
Change in cash and cash equivalents |
2022 |
2021 |
||||
|---|---|---|---|---|---|---|
in EUR ‘000 |
|
|
||||
Result for the period |
464,291 |
387,994 |
||||
Change in underwriting provisions net |
55,159 |
409,464 |
||||
Change in underwriting receivables and liabilities (incl. deposits on assumed reinsurance business) |
-47,341 |
-289,538 |
||||
Change in other receivables and other liabilities (excl. leases) |
-138,073 |
137,117 |
||||
Change in financial assets recognised at fair value through profit and loss (incl. held for trading) |
-13,491 |
-17,361 |
||||
Gain/loss from disposal of investments |
-81,422 |
-75,451 |
||||
Appreciation/depreciation of investments |
244,073 |
88,110 |
||||
Change in provisions for pensions and similar obligations and provisions for other employee benefits |
-223,813 |
-48,881 |
||||
Change in deferred taxes |
75,884 |
-141,908 |
||||
Change in intangible assets |
189,234 |
151,123 |
||||
Change in right-of-use assets and lease receivables and liabilities |
-9,572 |
7,523 |
||||
Change in other balance sheet items |
57,646 |
49,859 |
||||
Other cash-neutral income and expenses1 |
52,407 |
-135,913 |
||||
Cash flow from operating activities |
624,982 |
522,138 |
||||
Cash inflow from sale of subsidiaries |
90,995 |
0 |
||||
Payments for the acquisition of subsidiaries |
-407,433 |
0 |
||||
Cash inflow from the sale of available for sale financial assets |
4,010,627 |
2,818,461 |
||||
Payments for the acquisition of available for sale financial assets |
-4,520,152 |
-3,447,021 |
||||
Cash inflow from disposals/repayments of held to maturity financial assets |
380,689 |
141,908 |
||||
Payments for the acquisition of held to maturity financial assets |
-219,720 |
-163,139 |
||||
Cash inflow from the sale of property |
8,953 |
14,892 |
||||
Payments for the acquisition of property |
-251,340 |
-296,069 |
||||
Cash inflow for the sale of intangible assets |
6,222 |
1,709 |
||||
Payments for the acquisition of intangible assets |
-455,488 |
-139,749 |
||||
Change in financial investments for unit- and index-linked life insurance |
684,499 |
265,528 |
||||
Change of loans |
43,199 |
425,516 |
||||
Change in other investments (excl. deposits on assumed reinsurance business) |
-372,407 |
-37,576 |
||||
Cash flow from investing activities |
-1,001,356 |
-415,540 |
||||
Proceeds from the issuance of hybrid capital |
0 |
300,000 |
||||
Cash inflows from subordinated liabilities |
500,000 |
0 |
||||
Cash outflows from subordinated liabilities |
-276,313 |
-68,341 |
||||
Dividend payments |
-193,979 |
-111,945 |
||||
Cash inflow from other financing activities |
68,007 |
523,000 |
||||
Cash outflow from other financing activities |
-87,521 |
-16,460 |
||||
Cash outflows from lease liabilities |
-34,244 |
-28,535 |
||||
Cash flow from financing activities |
-24,050 |
597,719 |
||||
Change in cash and cash equivalents |
-400,424 |
704,317 |
||||
|
|
|
||||
Cash and cash equivalents at beginning of period2 |
2,456,333 |
1,745,147 |
||||
Change in cash and cash equivalents |
-400,424 |
704,317 |
||||
Changes in scope of consolidation |
4,765 |
7,957 |
||||
Effects of foreign currency exchange differences on cash and cash equivalents |
-1,704 |
-1,088 |
||||
Cash and cash equivalents at end of period2 |
2,058,970 |
2,456,333 |
||||
|
||||||